SLIDE 1
121
122
Counter Attack Lines
close
Bearish Bearish
close
Below the Stomach 121 Counter Attack Lines close close Bearish - - PowerPoint PPT Presentation
Below the Stomach 121 Counter Attack Lines close close Bearish - - PowerPoint PPT Presentation
Below the Stomach 121 Counter Attack Lines close close Bearish Bullish Bearish Bullish 122 Not Counter Attack Lines Second session did not open high enough Both sessions were not long real bodies 123 Bullish Counter Attack 124
SLIDE 2
SLIDE 3
123
Not Counter Attack Lines
Second session did not
- pen high enough
Both sessions were not long real bodies
SLIDE 4
124
Bullish Counter Attack
SLIDE 5
125
Volume – Counter Attack
SLIDE 6
126
Bullish Counter-attack First sign of a turn was bullish counter- attack
SLIDE 7
127
Convergence of Clues- Counter Attack
Bearish counter attack
doji
Bearish engulfing pattern
SLIDE 8
128
Bearish Counter-attack
Counter- attack also confirming resistance
Why does this candle hint bears’ are not in complete control in spite of the large price drop? What happened the next session?
SLIDE 9
129
The “Phantom” method The “Phantom” method
What was support before this session?
129
SLIDE 10
130
Phantom method Phantom method
SLIDE 11
131
Phantom Phantom
SLIDE 12
132
Phantom method Phantom method – – where’s R1? where’s R1? (slide 1 of 2)
(slide 1 of 2)
SLIDE 13
133
Phantom method Phantom method (slide 2 of 2)
(slide 2 of 2)
SLIDE 14
Using Candles in a “Box” Range
134
SLIDE 15
135
Box range Box range
Do the bears or bulls have the greater control?
SLIDE 16
136
Box Range Box Range
Do the bears or bulls have the greater control?
SLIDE 17
137
Flexibility reading candle signals Combining intraday signals with longer time frame support or resistance. Harnessing intraday charts for signals not available on daily charts
Intraday Techniques Intraday Techniques Intraday Techniques Intraday Techniques
SLIDE 18
138
Bearish engulfing pattern and Intraday charts We are less strict with the definition of some patterns
- n intra-day
charts.
Classic bearish engulfing pattern has open above prior session close. With intraday
- pen can = prior close.
SLIDE 19
139
Intra-day candle patterns al
Although open and close are the same, view this as dark cloud Open and closings are about the same, still view this as a morning star Bullish engulfing pattern
SLIDE 20
140
Windows on intraday
Most intraday windows will be between the last candle yesterday and the first candle today